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Weekday news and analysis for retirement plan advisers
Friday, August 11, 2023
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Robinhood IRA Nears $1B, Planning Further Retirement Push
PA-081023-Robinhood-Hits-1B-1012746008-web
The stock trading platform’s IRA with 1% match nears milestone after less than one year while CEO announces 3% IRA match for premium subscribers.
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New Fiducient Advisors CEO Sees Financial Wellness as Key Focus Area
Sabrina Bailey says she is going back to ‘true roots’ of shaping investing and retirement outcomes for end clients.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. Fidelity to Limit Third-Party Credential-Sharing for 401(k) Access
3. More Than Half of Plan Advisers Expect to Use AI
ERISA Complaint Against AT&T Returned for Review by Appeals Court
A complaint alleging AT&T’s benefits committee failed to properly report brokerage commission paid to Fidelity has been remanded back to the district court.
Investment Product and Service Launches
Nationwide and MassMutual team up on advisory annuities; Integrity launches AI-driven tech for agents and clients; NewEdge debuts investment platform for ultra-high-net-worth individuals and institutions; and more.
Book Today: PLANADVISER National Conference 
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Market Mirror Market Mirror Graph

The Dow rose 52.79 points (0.15%) to close at 35,176.15, the Nasdaq rose 15.97 points (0.12%) to close at 13,737.99 and the S&P 500 rose 1.12 points (0.03%) to close at 4,468.83. The Russell 2000 fell 8.15 points (0.42%) to close at 1,922.62, and the FT Wilshire 5000 Index fell 3.54 points (0.01%) to close at 45,131.72.

The price of the 10-year Treasury note decreased 11/32, bringing the yield to 4.110%. The price of the 30-year Treasury bond decreased 1 3/32, bringing the yield to 4.255%.

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